Why This Crypto Winter Might Soon Be Over

cryptocurrency 3 months ago

Bitcoin's 90-day correlation with tech stocks, in contrast to the 2018 sell-off where BTC was not correlated with tech stocks at all, suggests the bottom is not necessarily where the marginal crypto native seller capitulates, but where the marginal legacy macro seller becomes exhausted. Fundstrat's research suggests BTC is much less likely to experience a prolonged crypto winter for this reason. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: Markets Daily Crypto Roundup: CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
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